USDCNH trade ideas
$USDCNH$USDCNH (6.98) - At channel resistance
- A break > 7.00 would target 7.20
- A weaker CNH is likely to see weaker EM FX (ZAR, BRL)
- Currencies most exposed to weaker China growth via trade...$AUD by far, then $BRL and then $ZAR
USD/CNH (A Downtrend Channel is spotted)View On USD/CNH (20 Dec 2019)
Apparently UCNH is starting to show the channel of a steady downtrend and it shall continue that way.
I expect it to go down to 6.88 regions soon. Let's see.
All the best.
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USDCNH BULL SETUPTO ALL THOSE WHO LONG TERM TRADE WE'VE GOT A ENGULFING CANDLESTICK SETUP ON WEEKLY TIME FRAME...MARKET MIGHT PULLBACK B4 MOVING UP.
USDCNH approaching resistance, look out for potential reversal!
USDCNH is approaching its resistance at 6.9419 where it is could reverse down to its support at 6.8416.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CNH Long opportunityNice seting being printed here...A long trade with several TP on the up with no obstacles till 7xx
USDCNH bounced from support, potential for a further rise!
USDCNH bounced off 6.9330 where it could potentially rise further to 6.8416.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCNH LongWe can see a strong uptrend on this pair and here is a daily chart with a deep correction and good buy price action for more up side. Already into the buy with stop loss at break even
USDCNH, US Dollar - China Yuan: Falling WedgeFX:USDCNH
If a bullish breakout should occur on this falling wedge, we will eventually try to get back on this cross.
The first trade closed at a loss at 60% of the initial maximum risk.
In this way we had optimized the realized losses reducing as often happens the % at initial risk.
We do the same thing when trades follow our direction and also optimize profits.
What happens in this way?
We conclude trades in 45% of cases with a profit of 3/4 times the losses. We have even earned 20 times more than the initial risk a few times.
Our first goal is always not to lose money.
Why?
Because we have learned from the best traders in history, and we want to take part in that elite as well.
Happy Trading to All!
(EP #22) Kelvin Trade Ideas - USDCNH Bat Pattern 2020-01-13A bullish bat pattern is almost complete in daily chart, it provides a potential reversal level (PRZ) from 6.86400 to 6.83940. This buying opportunity is a follow-trend trade because the weekly chart shows us market is in up trend clearly. The PRZ overlap the bottom of the bearish channel, I am waiting for confirmation signals to long this market.
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Weekly EMA50 aligned with Resistance DISCLAIMER and RISK WARNING: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. The contents and information provided here are for information purposes only, and are neither a solicitation nor an offer to buy or sell forex, cryptocurrencies, futures , commodities or stocks.
USDCNH REVERSAL DIRECTIONUSDCNH formed false breakout from support level @ 6.9208
RSI and MACD show positive divergence
It's expected for coming strong bullish movement to target the level 7.0020 then price will throwback to get the final target at HVN near level 7.0297
USDCNH BUY AREA DEDECTEDLooking at the chart, we can see a potential buy area between: 6.90379 / 6.85929, with a SL below: 6.85927 and a TP#1 area between 7.11314 / 7.03962 where I recommend closing 50% of your initial tradesize to give the TP#2 area "air to breave" and give you potentially more gains in the area between: 7.29197 / 7.18672
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USDCNH a big short incoming.........USDCNH a big short incoming.........
With a 1st stage deal struck and moving on to the next stage..... all technicalls aligning to me for the short to come
